UXRP vs. XRPT

Last updated Jul 12, 2026

UXRP (ProShares Ultra XRP ETF) and XRPT (Volatility Shares 2x XRP ETF) are both exchange-traded funds - UXRP is a Leveraged Cryptocurrency fund tracking the Bloomberg XRP Index, while XRPT is a Cryptocurrency fund actively managed by Volatility Shares. UXRP is passively managed, while XRPT is actively managed. With a 1.00 correlation, they move nearly in lockstep. UXRP charges 1.67%/yr vs 0.94%/yr for XRPT.

Performance

UXRP vs. XRPT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra XRP ETF (UXRP) and Volatility Shares 2x XRP ETF (XRPT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with UXRP having a -75.49% return and XRPT slightly higher at -75.25%.

UXRP

• 1D: 1.93%
• 1M: -9.62%
• 6M: -80.56%
• YTD: -75.49%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

XRPT

• 1D: 1.55%
• 1M: -8.20%
• 6M: -80.42%
• YTD: -75.25%
• 1Y: -93.63%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

UXRP vs. XRPT - Yearly Performance Comparison

	2026 (YTD)	2025
UXRP ProShares Ultra XRP ETF	-75.49%	-77.43%
XRPT Volatility Shares 2x XRP ETF	-75.25%	-75.42%

Correlation

The correlation between UXRP and XRPT is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 15, 2025	1.00

Return for Risk

UXRP vs. XRPT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UXRP

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

XRPT

XRPT Risk / Return Rank: 2
XRPT Sharpe Ratio Rank: 4
XRPT Sortino Ratio Rank: 2
XRPT Omega Ratio Rank: 2
XRPT Calmar Ratio Rank: 1
XRPT Martin Ratio Rank: 3

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

UXRP vs. XRPT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra XRP ETF (UXRP) and Volatility Shares 2x XRP ETF (XRPT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	UXRP	XRPT	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.62	—
Sortino ratio: Return per unit of downside risk	—	-1.39	—
Omega ratio: Gain probability vs. loss probability	—	0.85	—
Calmar ratio: Return relative to maximum drawdown	—	-0.95	—
Martin ratio: Return relative to average drawdown	—	-1.20	—

Drawdowns

UXRP vs. XRPT - Drawdown Comparison

The maximum UXRP drawdown since its inception was -96.60%, roughly equal to the maximum XRPT drawdown of -96.33%. Use the drawdown chart below to compare losses from any high point for UXRP and XRPT.

Drawdown Indicators

	UXRP	XRPT	Difference
Max Drawdown Largest peak-to-trough decline	-96.60%	-96.33%	-0.27%
Max Drawdown (1Y) Largest decline over 1 year	—	-96.33%	—
Current Drawdown Current decline from peak	-96.11%	-95.83%	-0.28%
Average Drawdown Average peak-to-trough decline	-73.69%	-65.67%	-8.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	76.29%	—

Volatility

Volatility by Period

	UXRP	XRPT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	35.62%	—
Volatility (6M) Calculated over the trailing 6-month period	—	103.04%	—
Volatility (1Y) Calculated over the trailing 1-year period	146.51%	148.81%	-2.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	146.51%	147.92%	-1.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	146.51%	147.92%	-1.41%

UXRP vs. XRPT - Expense Ratio Comparison

UXRP has a 1.67% expense ratio, which is higher than XRPT's 0.94% expense ratio.

Dividends

UXRP vs. XRPT - Dividend Comparison

UXRP's dividend yield for the trailing twelve months is around 0.02%, less than XRPT's 6.42% yield.

Position	TTM	2025
UXRP ProShares Ultra XRP ETF	0.02%	0.00%
XRPT Volatility Shares 2x XRP ETF	6.42%	1.23%

Frequently Asked Questions

Can I hold both UXRP and XRPT in my portfolio?

With a correlation of 1.00, UXRP and XRPT move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, UXRP or XRPT?

On fees, XRPT is cheaper at 0.94% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, UXRP or XRPT?

XRPT is cheaper with a 0.94% expense ratio, compared with 1.67% for UXRP.

Which ETF pays a higher dividend yield, UXRP or XRPT?

XRPT has the higher dividend yield at 6.42%, compared with 0.02% for UXRP.

What is the main difference between UXRP and XRPT?

UXRP is categorized as Leveraged Cryptocurrency, while XRPT is Cryptocurrency. They also come from different issuers: ProShares and Volatility Shares. Their fees differ too: 1.67% for UXRP and 0.94% for XRPT.